"I have every confidence the values we share will make this partnership a great success, above all for our loyal fans who will soon be introduced to a range of products that will bring them even closer to the club they support."

Meanwhile, Virgin Money's chief executive officer Jayne-Anne Gadhia has hailed the deal and has revealed his firm are planning for special products for United fans.

"We're proud to be the official UK financial services partner of Manchester United FC. This new partnership enables us to combine Virgin Money's excellent financial products and customer service with the reach of Manchester United, one of the biggest football clubs in the world," Gadhia said.

"We're going to create some very special products and exclusive offers designed especially for fans, with real rewards that money can't buy. We'll be launching those soon and can't wait to get started."

United's deal with Virgin Money will only be beneficial for the club's supporters based in the UK and also the latter's three million customers in the same country. The Red Devils' latest deal will not be of any help to the supporters outside the UK.